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April 16th, 2018, 06:23 PM | #1 |
Inner Circle
Join Date: May 2004
Location: USA
Posts: 3,005
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Meals deduction tax question
Does anyone deduct meal expense? I have but after re reading their publication I’m more confused.
I deem it as a business expense but the IRS publication implies over night travel or entertaining clients. If that’s the case then as reasonable as it might seem wouldn’t qualify. Your thoughts... I know this is a question for a tax professional but do any freelancers here deduct their meals when on a job? Last edited by Pete Cofrancesco; April 17th, 2018 at 05:39 PM. |
April 17th, 2018, 09:29 AM | #2 |
Inner Circle
Join Date: Jan 2013
Location: Austin, Texas
Posts: 2,006
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Re: Meals deduction tax question
Why yes, yes it is. I keep track of all of my meals done in the performance of a job, then I hand all of that over to a tax professional. I don't know what he does with it beyond that. I turn in a spreadsheet clearly labeled with everything I spend that relates to performing a job, and let him utilize his expertise to determine what can and should be deducted.
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